Life Income Gifts
A life income gift provides a way to give back to Babson and receive benefits for yourself, such as a charitable income tax deduction and an income stream for you and/or your loved ones. You may arrange for this type of gift now or as part of your estate plan.
These gift vehicles can provide income benefits comparable to—or in some cases exceeding—those that might be earned in ordinary investments. Many donors establish life income gifts with assets that produce small amount of income, such as cash or appreciated stocks that do not earn dividends.
There are several ways to make a life income gift, each with its advantages. Among the most popular:
- A charitable gift annuity provides a fixed income for life (gifts of $10,000+).
- A deferred charitable gift annuity provides a fixed income for life starting at a later date of your choosing (gifts of $10,000+).
- A charitable remainder unitrust makes payments that fluctuate with the market, and therefore might provide a hedge against inflation (gifts of $100,000+).
- A charitable remainder annuity trust provides a fixed income similar to a gift annuity, but the tax treatment of the payout might be preferable for donors giving highly appreciated assets (gifts of $100,000+).
*Note: The information on this site is not intended as legal, "tax" or investment advice. For such advice, please consult an attorney, "tax professional" or investment professional.